📞 (555) 123-4567 ✉️ info@undemocracy.org 📍 United States
f 𝕏 📷 in

Stories

What Happens to a Mortgage After the Borrower Dies
When a homeowner dies, the mortgage does not automatically disappear. The loan remains attached to the property, and the balance still has to be handled…
Managing a Mortgage Co-Sign Arrangement After Divorce
Divorce can separate two people financially while leaving their mortgage contract unchanged. If both former spouses signed the loan, each may remain…
How to calculate net proceeds before buying your next home
Selling a home can create a substantial source of funds for your next purchase, but the sale price is only the starting point. Your actual proceeds depend on…
How retirement income can strengthen your mortgage application
Retirement accounts can play a useful role in a home loan application, especially for borrowers who are retired, approaching retirement, or changing careers…
How to Get Mortgage Approval While Receiving Unemployment Benefits
Buying a home while receiving unemployment benefits can be difficult, but it is not automatically impossible. Mortgage lenders evaluate whether your income is…
What Is a Non-Qualified Mortgage and Who Needs One
A non-qualified mortgage, commonly called a non-QM loan, is a home loan that does not meet every standard required for a Qualified Mortgage. Qualified…
How to Handle a Gift of Equity When Buying a Relative’s Home
Buying a home from a parent, grandparent, sibling, or another relative can make homeownership more accessible. A gift of equity may reduce the cash needed at…
Using Roommate Income to Strengthen a Mortgage Application
A roommate can help reduce your monthly housing costs, but the rent they pay does not automatically count as qualifying income on a mortgage application.…
Alternative credit scores in mortgage lending
An alternative credit score is a risk measurement built from financial information that may not appear in a traditional credit report. Instead of relying…
Verification of Deposit: What Mortgage Borrowers Should Know
A verification of deposit, often called a VOD, is a document lenders use to confirm that a borrower has money available for a home purchase or refinance. It…